Chainlink Labs

Capital markets news: Several Ethereum ETFs were among the top 50 highest-traded US ETF debuts of all time. Grayscale’s Ethereum Trust (ETHE) was the most traded, followed by BlackRock’s iShares Ethereum Trust (ETHA). The combined trading volume of all Ethereum ETFs was over $1B on the opening day, around 23% of what Bitcoin ETFs saw on debut. “It’s a similar audience for the Ether ETFs and Bitcoin ETFs,” said Roundhill Financial VP Drew Walsh. “It’s people that are new to the asset class and want exposure to cryptocurrencies.” More industry news from around the world: 1️⃣ First tokenized fund on Solana launched by Hamilton Lane and Libre The Senior Credit Opportunities (SCOPE) fund is a private credit fund targeting high-net-worth investors in the crypto space. 2️⃣ Italy’s Cassa Depositi e Prestiti Spa (CDP) issued €25 million digital bond on Polygon The issuance is part of the ECB’s wholesale DLT settlement trials and was Italy’s first such transaction under the country's new digital asset rules. 3️⃣ Digital asset reporting standards collaboration with KYAX, ANNA, and DTIF The collaboration aims to expedite the implementation of the ISO 24165 Digital Token Identifier (DTI) and ISO 6166 International Securities Identification Number (ISIN) standards in the digital asset space. 4️⃣ Australian stablecoin startup Stables launches Mastercard virtual card in Europe Europeans can now make contactless in-store and online USDC payments via Apple Pay and Google Pay across Mastercard’s network of merchants. 5️⃣ Cboe Clear Europe participates in the ECB’s DLT-based wCBDC experiment The firms are testing the solution for margin calls outside the opening hours of the EU’s cash settlement system. 6️⃣ Peru awards first contract for retail CBDC pilot The contract winner is telecom firm Viettel Peru. With just under half the population in Peru having a bank account in 2021, the pilot aims to increase access to financial services. 7️⃣ Wenia, part of LatAm financial giant Bancolombia Group, taps Chainlink Chainlink is now providing end-to-end transparency around COPW, Wenia’s Colombian Peso-backed stablecoin. Sources below.

As Visa’s dashboard shows, stablecoin supply continues to grow, with $1T in transaction volume over the past 30 days. Powering PayPal’s PYUSD with Paxos, Aave’s GHO, and now Wenia’s COPW among many others, the Chainlink platform is accelerating stablecoin adoption: 1️⃣ Chainlink Proof of Reserve (PoR) Announced today, Chainlink is now providing end-to-end transparency around Wenia’s Colombian Peso-backed stablecoin. Colombia received over $25B in crypto between 2022-2024—PoR paves the way for even greater adoption. https://lnkd.in/gPBDyAUw 2️⃣ Chainlink Price Feeds Paxos is using Chainlink’s new PayPal USD Price Feed to bring secure price data around its programmable PYUSD stablecoin to Ethereum: https://lnkd.in/efEmmwPe 3️⃣ Chainlink CCIP Aave’s cross-chain GHO stablecoin is powered by CCIP, unlocking an array of cross-chain use cases: https://lnkd.in/gkB2_X_x ➡️ Chainlink users are choosing much more than a product. They’re choosing a platform. That’s why in addition to PoR, Wenia expects to integrate Chainlink Price Feeds and CCIP.

Proof of Reserves creates both transparency and security. It publicly shows the reserves backing a stablecoin, while also being used to make sure that no additional coins are minted unless the reserves in the off-chain world/bank account match the newly minted coins. This create a more secure RWA/Stable coin. I think we will be seeing even more data that reduces key risks go on-chain in capital markets, making their financial products increasingly transparent and secure.

We're excited to announce that Wenia —part of LatAm financial giant Bancolombia Group—is now using Chainlink Proof of Reserve to secure its COPW stablecoin. Why “this initiative marks a significant milestone in Colombia's digital asset landscape": https://lnkd.in/gPBDyAUw

"Tokenized financial assets are moving from pilot to at-scale deployment," according to a recent industry report by McKinsey & Company. The report estimates that, excluding stablecoins and cryptocurrencies, the "tokenized market capitalization across asset classes could reach about $2 trillion by 2030." https://lnkd.in/garHachf 

#ETH ETF approved: what this means for Ethereum and crypto adoption ↓

“Asset tokenization is not merely a technological innovation but a paradigmatic shift in asset management and ownership within our increasingly digitised world,” states a recent industry report by KPMG Singapore and Singapore FinTech Association (SFA). Within the report, Sumitomo Mitsui Banking Corporation – SMBC Group Executive Director Thaddaeus Lee discusses the importance of interoperability: “Enabling seamless communication and interoperability between participants, systems (both traditional and new), and on-chain and off-chain markets during the transaction lifecycle of tokenized assets becomes a critical factor for the industry.” Read the report in full: https://lnkd.in/gYipnhxu

Discover what it's like to work with a passionate, global, remote team shaping the future of onchain finance. Check out the new interview on Built In with our Community Manager Javier Salomón: https://lnkd.in/etu3gv8Q

Capital markets news: BlackRock’s tokenized fund crosses $500M AUM, with onchain treasuries “growing way faster than stablecoins” and potentially reaching $3B by EOY. In a new milestone for RWAs, BlackRock’s BUIDL, a tokenized money market fund on Ethereum, crossed $500M AUM this week. Securitize CEO Carlos Domingo noted that while he doesn’t expect tokenized treasuries to ever surpass stablecoins, they’re growing faster. A strategist from asset manager 21.co predicted they could reach $3B by EOY. In related news, Goldman Sachs plans to launch three tokenized funds this year, including one focused on US funds and another on European debt. More industry news from around the world: 1️⃣ GDF and GLEIF to develop digital asset industry standards Global Digital Finance (GDF), a global members association and platform for open innovation in digital assets, has partnered with the Global Legal Entity Identifier Foundation (GLEIF). GLEIF CEO Alexandre Kech noted, “It is essential to standardise data to enhance interoperability between the digital asset ecosystem and traditional finance.” 2️⃣ State Street explores stablecoin and deposit token Bloomberg reported that the global asset manager is considering creating both a stablecoin and a deposit token. State Street is also planning to focus on tokenizing funds. 3️⃣ Spot ETH ETFs could see $5B of inflows, according to Citi Citi sees potential net inflows into spot ETH ETFs ranging from $4.7B to $5.4B over the first six months. This would be 30-35% of BTC ETF net inflows. 4️⃣ Sony movie token issuance by Phillip Securities and Securitize The security token offering enables consumers to invest in the film, participating in the movie’s revenues, including theatrical distribution, video, and broadcast sales. 5️⃣ Bringing NAV data onchain to accelerate fund tokenization Chainlink bringing NAV data onchain for a fund from Fidelity International in collaboration with Sygnum could “accelerate fund tokenization and facilitate the automation of fund administration.” Fatmire Bekiri, head of tokenization at Sygnum Bank, shared, “We now have all the ingredients to move to the next level.” Sources below.

Accelerating the adoption of digital assets/smart contracts in TradFi is just the start. Once the world's largest asset managers and banks are onchain, the next step is connecting them to the DeFi protocols already powered by Chainlink. Once there is a single standard for how transactions work correctly across multiple chains as well the two worlds of DeFi and TradFi, then we will enter a global Internet of Contracts, the true promise of what our industry has been working towards.